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The company also reiterated its goal of getting Motorola back to profitability within four to six quarters. While Motorola will be run as a separate business, it will be able to take advantage of Lenovo's supply chain and sales force.

Motorola over the last two months has unveiled a number of strong products, including a revamped Moto X and Moto G, the Nexus 6 for Google, as well as Tuesday's debut of the Droid Turbo for Verizon Wireless. Yangqing touted the strength of the recent products, and said Lenovo would continue to support them.

Lenovo also addressed the rumor that it was interested in acquiring business smartphone maker BlackBerry. Yangqing said he already had two deals to integrate -- Motorola as well as the acquisition of IBM's server business -- but declined to comment specifically on BlackBerry. If we want another big deal, we need to make money off of these deals first," he quipped. Updated at 8 a.

PT: To include additional executive commentary from the conference call. Be respectful, keep it civil and stay on topic. On the flip side, a rise in compatibility issues as well as increasing deployment costs are restraining factors which are expected to hamper the global connected living room market growth.

Also, lack of awareness regarding new products will affect the market growth. The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Feb 24, Nov 1, Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. Channel access methods, Wireless networking, Radio resource management, Telecommunications, Emerging standards.

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